Real estate 7 min read
BC's new First-Time Buyer GST Rebate, explained
BC first-time buyers can save up to $50,000 in GST on new homes under $1M. The eligibility tests, the math, and what your lawyer files at closing.
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Plain-language pieces on BC real estate, corporate, estate planning, and civil litigation. Written for the people who hire us, not for other lawyers.
BC first-time buyers can save up to $50,000 in GST on new homes under $1M. The eligibility tests, the math, and what your lawyer files at closing.
Read articleTwo executors instead of one feels safer. In BC estates, it sometimes is and sometimes is not. A practical look at co-executor decisions and what to do about deadlock.
Read articleA well-drafted demand letter can resolve a BC dispute before a lawsuit is filed. A poorly drafted one can turn a winnable case into a bad one. Here is how to use them well.
Read articleBC real estate deposits are not automatic forfeitures or automatic refunds. Who keeps the deposit when a deal falls apart depends on why, when, and what the contract says.
Read articleTwo ways to hold title to BC real estate, with very different consequences when one owner dies. A plain-language explainer for couples, families, and business partners.
Read articleThe federal lifetime capital gains exemption can shelter hundreds of thousands of dollars in gains on the sale of a qualifying small business corporation. Here is how it works and what BC owners need to do to qualify.
Read articleWhen you incorporate a business in British Columbia, you gain access to the advantages of operating through a corporation—limited liability, tax planning opportunities, and more.
Read articleNegotiating a commercial lease in BC can be a complex process, and understanding the nuances is important for any business owner.
Read articleA Personal Real Estate Corporation (PREC) offers licensed realtors in British Columbia a streamlined and tax-efficient way to operate their business.
Read articleIn British Columbia, many healthcare professionals are choosing medical incorporation by creating their practices as medical professional corporations (MPCs).
Read articleYour estate deserves careful management, and selecting the right people for the job is essential. Some individuals choose to appoint multiple 'co-executors' to share the responsibility.
Read articleLegal services can often feel out of reach for many people due to the high costs associated with hiring a lawyer.
Read articleThe distribution of a loved one’s estate can often lead to emotional and legal challenges, as was seen in a recent case involving Mrs. Law’s will.
Read articleIn British Columbia, rent increases are regulated by the <em>Residential Tenancy Act</em> (the “Act”) and the Residential Tenancy Regulation (the “Regulation”).
Read articleIf you’ve incorporated a company or are considering doing so, one of the key aspects of running your business will be complying with legal requirements for record-keeping.
Read articleWhen incorporating a business in Canada, one of the most critical decisions you’ll make is how to structure your shares.
Read articleChoosing the right business structure is a critical decision for entrepreneurs in British Columbia. This impacts everything from daily operations to tax obligations and legal liabilities.
Read articleAt Lime Law, we understand that contracts are the lifeblood of your business, serving as the foundation upon which your commercial relationships are built and maintained.
Read articleEmbarking on the journey of buying, selling, or refinancing your home can be a thrilling yet intricate adventure.
Read articleLife is unpredictable. Illness, accidents, or cognitive decline can strike without warning—leaving you unable to make or communicate your healthcare decisions.
Read articleRunning a business in British Columbia is an exciting but complex journey, and at Lime Law, we recognise the pulse of your entrepreneurial spirit.
Read articleworking through estate planning can be daunting, but understanding the role and implications of a Power of Attorney (POA) is important in ensuring your legal and financial affairs are…
Read articleEmbarking on the journey of entrepreneurship is more than just a day-to-day occupation—it's a way of life, a passion that shapes your future.
Read articleA trust is a nuanced legal structure where a designated individual, known as a trustee, manages property for the benefit of others, referred to as beneficiaries.
Read articleCreating a Will is an essential step in managing your estate, ensuring that your wishes are honoured after you pass away.
Read articleWhen it comes to drinking and driving, the legal landscape can be quite complex. In British Columbia, Canada, the Immediate Roadside Prohibition ('IRP') has been implemented as part of the Motor…
Read articleRunning a business in British Columbia is an exciting endeavor, but it can also be complex and fraught with challenges.
Read articleDealing with a landlord who neglects or declines to make essential repairs or maintain your rental unit can significantly impact your health, safety, comfort, and overall satisfaction with your home.
Read articleWhen working through legal professionals in British Columbia, understanding the differences between lawyer vs notary can be daunting, especially when it comes to choosing between notaries and…
Read articleDuring articles, we were involved in a case that highlighted the intersection of money and access to justice — a matter that goes to the heart of our legal system's integrity.
Read articleAs the real estate market continues to face fluctuations and uncertainties, it becomes important for both buyers and sellers to understand the laws and principles surrounding collapsing deals.
Read articleWhen it comes to employment, compensation plays a vital role in an employee's livelihood and job satisfaction.
Read articleGetting a traffic ticket is undoubtedly frustrating, but what many people in British Columbia fail to realise is that receiving multiple tickets can lead to even more serious consequences.
Read articleIf you are in the process of buying or selling a property, you may have come across the terms “completion date”, “possession date”, and “adjustment date”.
Read articleOwning a home is a dream for many Canadians. However, with the rising prices of real estate, it can be challenging for some to qualify for a mortgage from traditional lenders like TD or RBC.
Read articlePurchasing a new home can be a thrilling experience, but it can also be very stressful. Making such a significant financial investment and having to make decisions that will affect your life for…
Read articleWhen it comes to buying property in British Columbia, one of the costs you'll need to factor in is the Property Transfer Tax (PTT).
Read articleBuying a home can be overwhelming with all the expenses you need to consider, like the down payment, mortgage, home insurance, and property taxes.
Read articleAre you a homeowner in BC looking for protection related to the title of your property? Title insurance is the perfect solution.
Read articleWhether you're a first-time homebuyer or not, the closing costs associated with purchasing a property can come as a surprise. You should make sure you have a budget set aside for these costs.
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